PwC Legal and PwC advise Aleph Alpha on Series B financing round amounting to half a billion US dollars
Berlin, 8th November 2023
A multidisciplinary team of PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and the auditing and consulting firm PwC Germany advised Aleph Alpha GmbH (Aleph Alpha) extensively on the legal and tax aspects of its Series B financing round with a transaction volume of over half a billion US dollars.
The financing round was led by the Schwarz Group and Bosch Ventures. Other new investors include Christ&Company, Hewlett Packard Enterprise, SAP and Burda Principal Investments. Existing investors such as LEA Partners, Earlybird, UVC Partners, 468 Capital and Cavalry Ventures also participated in this financing round.
Aleph Alpha, based in Heidelberg, Germany, is committed to researching and developing AI enabling technology for a new era of powerful AI. The team of international scientists, engineers and innovators researchers, develops and implements transformative AI such as large-scale AI language and multimodal models.
This major investment strengthens Aleph Alpha's position as a leading provider of sovereign generative AI applications in Germany and Europe. Aleph Alpha intends to use the more than 500 million US dollars to provide sovereign AI solutions for enterprises and government agencies and to intensify the development and commercialisation of generative AI for the most demanding and critical applications in privacy-sensitive industries such as healthcare, finance, law, administration and security.
"With this latest investment, we will continue to expand our capabilities and enable our partners to be at the forefront of this technological development. For customers in privacy-sensitive industries and in strategic environments where sovereignty is key, we will continue to be the best option," says Jonas Andrulis, CEO and founder of Aleph Alpha, about the successful Series B round.
Advisors Aleph Alpha
PwC Legal (Berlin/Stuttgart):
Gerhard Wacker (Lead), Dr Minkus Fischer, Hannah Henning, Linda Kohal (all Legal Deals / M&A), Susanne Zühlke, Gerung von Hoff, Melanie Schwaderer (all Antitrust), Dr Steffen Nguyen-Quang, Manuel Klingenberg (both Labour Law)
PwC Germany (Berlin):
Alexander Friedheim (Lead Tax)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC Germany:
Our clients face diverse challenges, strive to put new ideas into practice and seek expert advice. They turn to us for comprehensive support and practical solutions that deliver maximum value. Whether for a global player, a family business or a public institution, we leverage all of our assets: experience, industry knowledge, high standards of quality, commitment to innovation and the resources of our expert network in 149 countries. Building a trusting and cooperative relationship with our clients is particularly important to us – the better we know and understand our clients’ needs, the more effectively we can support them.
PwC Germany. More than 15,000 dedicated people at 20 locations. €3.05 billion in turnover. The leading auditing and consulting firm in Germany.
